The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, October 16, bought 405,000 MT of wheat from Russia (285 TMT), France (60 TMT) and Ukraine (60 TMT) for November 21-30 delivery:

  • 55,000 MT of Russian wheat from Cargill at 229.42 $/mt c&f (212.5 fob+16.92 freight);
  • 60,000 MT of Ukrainian wheat from Hakan Agro at 230.2 $/mt c&f (210.9 fob+19.3 freight);
  • 60,000 MT of Russian wheat from Garant Logistics at 230.45 $/mt c&f (214.95 fob+15.5 freight);
  • 55,000 MT of Russian wheat from Hakan Agro at 230.77 $/mt c&f (213.85 fob+16.92 freight);
  • 60,000 MT of French wheat from Glencore at 230.86 $/mt c&f (210.61 fob+20.25 freight);
  • 60,000 MT of Russian wheat from GrainExport at 230.92 $/mt c&f (215.42 fob+15.5 freight);
  • 55,000 MT of Russian wheat from Posco International at 231.24 $/mt c&f (214.25 fob+16.99 freight).

So GASC has bought so far a total 3,370,000 MT of wheat (1.82 MMT from Russia, 660,000 MT from Romania, 650,000 MT from Ukraine and 240,000 MT from France) for supply in 2019/20 (July-June).

Traders said the following offers were submitted to GASC in the first round of the tender:

  • Glencore: 60,000 MT of French wheat at 210.86 $/mt fob
  • Hakan:
    • 60,000 MT of Ukrainian wheat at 210.90 $/mt fob
    • 55,000 MT of Russian wheat at 215.40 $/mt fob
  • Lecureur: 60,000 MT of French wheat at 212.83 $/mt fob
  • Cargill: 55,000 MT of Russian wheat at 212.50 $/mt fob
  • Posco:
    • 55,000 MT of Russian wheat at 214.50 $/mt fob
    • 60,000 MT of Russian wheat at 216.99 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 214.95 $/mt fob
  • ADM: 55,000 MT of Russian wheat at 216.25 $/mt fob
  • Grain Export: 60,000 MT of Russian wheat at 216.85 $/mt fob
  • Solaris: 60,000 MT of Russian wheat at 217.00 $/mt fob

The best offers on C&F basis were as follows (USD/MT, C&F):

  1.  Cargill: 55,000 MT of Russian wheat at 212.50+16.92=229.42 $/mt c&f
  2.  Hakan: 60,000 MT of Ukrainian wheat at 210.90+19.30=230.20 $/mt c&f
  3.  Garant Logistics: 60,000 MT of Russian wheat at 214.95+15.97=230.92 $/mt c&f
  4.  Posco: 55,000 MT of Russian wheat at 214.50+16.99=231.49 $/mt c&f
  5.  Glencore: 60,000 MT of French wheat at 210.86+20.25=231.11 $/mt c&f